APRA, RBA Announce Changes to Financial Firms’ Reporting Obligations

02/04/2020

The agencies are standardising quarterly reporting due dates, deferring two reporting initiatives, and introducing a new reporting standard for SME lending.

NZ Banks Get Government Guarantee on New Loans

02/04/2020

Business loans under a new NZ$6.25bn scheme will be supported by a government guarantee on 80% of the loan amount.

Securities / Derivatives

India Further Opens Bond Market to Non-resident Investors

02/04/2020

The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.

Market Infrastructure

Australia Tightens Foreign Investment Rules, Citing National Interest

02/04/2020

Federal approval is now required for all proposed foreign investments regardless of value or the nature of the foreign investors.

Capital / Liquidity

China: State Council to Bolster Financial Support for SMEs

01/04/2020

The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.

AML / KYC

FATF Encourages Technology Use to Address Covid-19 Challenges

01/04/2020

Criminals and terrorists may seek to exploit gaps and weaknesses in national AML/CFT systems, under the assumption that resources are focused elsewhere, the FATF says.

S. Korea: Financial Sector Delivers Relief for Small Business

01/04/2020

Financial institutions are providing loan maturity extensions, interest payment deferment and low-cost loans to small business hit by Covid-19.

Securities / Derivatives

SFC, Stock Exchange Issue Guidance on Holding General Meetings

01/04/2020

Listed issuers should consider adjourning or delaying their general meetings until at least after 11 April, when the prohibition on group gatherings has ended.

Capital / Liquidity

Sri Lanka Central Bank Introduces Measures to Support Financial Sector

01/04/2020

Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.